Aminex Share Discussion Threads

[flyingbull] 31/3/2015 08:35

The April oil stock challenge is on! Deadline for entries is midnight tonight! Good luck! fb

[bigsi2] 31/3/2015 08:15

Pipeline finished thenRNS pm?

[haggismchaggis] 31/3/2015 07:15

With over 3 months grace we can stop sweating about the GSA.'The Board expects the GSA to be signed prior to any gas being delivered for pressure testing or commissioning and the Company will continue to keep the market informed on developments accordingly.'

[edgar222] 30/3/2015 16:19

From the September 2014 RNS


"South Malak-2 is targeting the prolific Nubia and Matulla sandstones. The Company has also been informed that a second location has been chosen, designated as Wadi Kofra-1. This further well will target the same formations and drilling is expected to begin in late 2014. The WEEM 2 PSC is directly west of Lukoil's WEEM 1 PSC which is producing from the same formations being targeted by South Malak-2 and Wadi Kofra-1."


We know SM2 is a discovery.

Wonder where we are with WK1? Cannot find anything anywhere. Another discovery and a sale of Aminex Egypt to bring in some cash for Tanzania, would be my hope.

[bunbooster2] 30/3/2015 12:30

Farm out news?

[bunbooster2] 30/3/2015 10:12

Regarding 5 mill signing fee... I believe aminex's PSA predates this and it is not applicable.

[ngms27] 29/3/2015 19:31

I think you will find that's Gas in place not recoverable reserves

[edgar222] 29/3/2015 19:17

Haggis

Your link has the Tz authorities describing KN1 as 0.07TCF, which is an upgrade that they may know about and we don't. Also not the first time this discrepancy has been apparent in official documents.

Good spot. Thanks for the link

[dfgo] 29/3/2015 18:41

posted twice

[dfgo] 29/3/2015 18:41

TVC NEWS [DAR ES SALAAM] - Tanzania's energy regulator has approved a tariff for processing and transporting natural gas through the new pipeline from Mtwara to Dar es Salaam.

The Energy and Water Utilities Regulatory Authority (Ewura) has set $2.14 as the interim fee for the Tanzania Petroleum Development
Corporation (TPDC) for handling one million metric British thermal units of natural gas.

The gas delivered to Dar es Salaam by TPDC will be used by power generation firms, industries, compressed natural gas vehicles,
households and institutions.

TPDC is finalising construction of two processing plants at Madimba in Mtwara and Songo Songo island in Lindi. A 36-inch gas pipeline from Mtwara through Somanga Fungu to Dar es Salaam will be commissioned soon.

The Madimba plant has two trains (processing units) each with a capacity of 70 million standard cubic feet per day of gas while the Songo Songo one has two trains of 70 million standard cubic feet per day.

Ewura director-general Felix Ngamlagosi said the authority has fixed the gas processing tariff at $0.95 and transportation tariff of $1.19 per
million metric British thermal units to be levied by TPDC as interim fee with effect from April 1, for a period of 90 days.

The new Mtwara-Dar es Salaam pipeline, covering 517km, will begin commercial operations in the second quarter of this year although it was initially planned to start working in January.

[dan_the_epic] 29/3/2015 18:40

LOL. AMINEX HAS A SIGNITURE BONUS PAYMENT OF $5M TO MAKE WHEN PRODUCTION STARTS?? PAGE 12 OF LAST LINK

wow

[haggismchaggis] 29/3/2015 18:21

TanzaniaWith a 5 per cent interest, Bounty is a JV partner in the offshore Nyuni production sharing agreement (PSA) block of the Mandawa Basin in eastern Tanzania that, according to the company, was well placed in terms of exploration potential and infrastructure.Aminex is operator, with a 70 per cent interest, and RAK Gas holds the remaining 25 per cent. Independent reserve assessments by ISIS Petroleum Consultants indicate the potential for 5.6tcf of gas (with a 280 billion cubic feet net share to Bounty).In its annual report, Bounty stated that a forward plan for the PSA area involved carrying out a detailed 2D seismic survey of the deeper water eastern section of the block, where a strong lead could be the up-dip end of a large gas-bearing stratigraphic trap. The area has seismic attributes that are similar to some of those found on major gas discoveries made in deeper water in eastern Tanzania.The company reported that along with Mozambique, Tanzania had become one of the world's premium hydrocarbon plays during the past few years, with about 100tcf of gas discovered in deep-water turbidite sands related to the Rufiji and Ruvuma River deltas.Increasing its natural gas portfolio, Bounty doubled its 5 per cent stake in the Nyuni PSA block's Kiliwani North gas field during 2012, and now holds a 10 per cent interest in 45bcf of certified gas reserves.Bounty purchased the stake from Key Petroleum for US$250,000. Kiliwani North was discovered in 2008 during the drilling of Kiliwani North-1: the most successful exploration well in Tanzania since the 1980s. In 2011, a 25-year development licence was awarded for the field, which is 3.5km from the existing Songo Songo Island gas plant.Aminex is in discussions with the Tanzanian Government regarding a tie-in of Kiliwani North to a new gas processing facility, planned to be built on Songo Songo Island and a new north-running gas pipeline from Mtwara to Dar es Salaam, the country's largest city.The field will be connected to the main 36 inch-wide, 487km-long pipeline via a 24-inch, 24km spur line running from Songo Songo Island. The infrastructure is being funded by a Chinese loan and is expected to be commissioned in the first half of 2014.Although Aminex has already completed the engineering design of a 6 inch pipeline to connect Kiliwani North to the existing gas plant, and the pipeline has been delivered to Tanzania, only minor adjustments will be required to connect it to the new gas processing facility.The tie-in was designed to handle a production level of 20 million cubic feet of gas per day from Kiliwani North, boosting Bounty's position in the gas commercialisation business.

[haggismchaggis] 29/3/2015 18:11

Commercial operations in Q2.hTTp://www.tvcnews.tv/?q=article/tanzania-approves-tariff-handling-natural-gas

[lfdkmp] 28/3/2015 22:18

Yes LT

May I add my thanks.

Just hope "imminent" isn't sometime during Q2.

No, PMKDFL, banish the thought!

[blackgold00] 28/3/2015 18:51

yes thanks LT, and i too like the sound of the "imminent presentations about to happen" bit. thanks again

[warbaby43] 28/3/2015 15:24

Many thanks LT for taking the trouble to relay the contents of that telecon in such detail.

Tempting to view that "imminent presentations about to happen" bit as an indication that there could be summat positive on the near horizon.

Meanwhile, among all AEX's vicissitudes, always comforting to recall another LT telecon and "a sweet spot the size of a major city or small country."

[last throw] 28/3/2015 11:31

Hi all

Lots of shenanigans this week so I put in a sharpish email to Aminex yesterday expressing my frustration at the lack of a clarifying response to the “November delay” story and had a very prompt telephone response from no less a person than Dominic Barreto, the head honcho of the Yellow Jersey outfit.

He came across as a very erudite and articulate man with many years’ experience representing both AIM and listed companies both of which have different rules relating to what they can and cannot disseminate even against the background of what turn out to be false stories UNLESS, in the case of a listed company such a rumour swings the shareprice either way by more than 20% - not the case here for sure.

He went on to say that Aminex play by the rules as if they didn’t the consequences are dire and, at the end of the day, reputations are at stake and he certainly was not prepared to cut corners and jeopardise their overall reputation in their respective fields.

He told me that “nothing has changed” and Aminex are still “on course” as per previously detailed timelines and Yellow Jersey “understood frustrations” but had to abide by very detailed rules that are freely available for interested parties to inspect and understand just how regulated listed companies are as regards newsflow.

He talked about the paradox of his company being in the business of promotion but having to be very careful of how they promote and just how easy it is to overstep the regulatory line in that regard with the almost inevitable consequence of being struck off and losing both his business and reputation built up in the industry over very many years.

He also indicated that there were imminent presentations about to happen which presumably will gather their own publicity and reporting.

In summary: it was good to hear from Dominic who comes across as a very professional promotions man who allayed some of my fears about what’s been happening over the last few weeks/months but I guess the main unanswered question is “when’s the fat lady coming on stage?”.

LT

[skinwalker] 28/3/2015 00:06

More likely that BSA will make a new Goldstar

[lfdkmp] 27/3/2015 20:47

Does anyone think there might be a GSA in Q2 2015?

[blackgold00] 27/3/2015 20:29

Fuzzy wuzzy had no hair

[dfgo] 27/3/2015 16:25

wuz he a bear

[gerryjames] 27/3/2015 16:12

Fuzzy...Wuz he?